EDI adopts ISO 15022 for Corporate Action Data to provide maximum flexibility for its clients and cut costs using advanced automation.
London, February 2nd, 2004, Exchange Data International, a leading provider of international securities administration and reference data - this year celebrating its 10th anniversary - announces the first phase of integrating the SWIFT compliant ISO 15022 messaging protocol into its corporate action data services. The move will assist clients in automating their corporate action processing as part of their drive towards STP.
Corporate action processing remains one of the key areas in the STP chain requiring a significant amount of manual intervention, with resulting implications for cost, staff training and an increase in risk resulting from human error.
